The Toro Company Reports Second Quarter Fiscal 2020 Results

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Go back to The Toro Company Reports Second Quarter Fiscal 2020 Results

Toro Company (TTC) Misses Q2 EPS by 2c, Revenues Miss

June 4, 2020 8:35 AM EDT

Toro Company (NYSE: TTC) reported Q2 EPS of $0.92, $0.02 worse than the analyst estimate of $0.94. Revenue for the quarter came in at $929.4 million versus the consensus estimate of $1.03 billion.

SECOND-QUARTER AND YEAR-TO-DATE FISCAL 2020 FINANCIAL HIGHLIGHTS

Net sales of $929.4 million down 3.4% compared with $962.0 million in the second quarter of fiscal 2019; Year-to-date fiscal 2020 net sales were $1.70 billion, up 8.4% compared with $1.56 billion in the same prior year period.Net earnings of $98.4 million, down 14.8% compared with $115.6 million in the second quarter of fiscal 2019; *Adjusted net earnings of $100.2 million, down 20.5% compared with $126.0 million in the second quarter of fiscal... More